TD Ameritrade’s Investor Movement Index: IMX Reading Moves in Positive
Direction after Recent Negative Trending
Investors ramped up their equity market exposure as S&P 500 dips
OMAHA, Neb. -- July 8, 2013
TD Ameritrade, Inc. (“TD Ameritrade”), a broker-dealer subsidiary of TD
Ameritrade Holding Corporation (NYSE: AMTD), is today revealing the Investor
Movement Index^SM reading for June 2013. The Investor Movement Index, or the
IMX^SM, is a proprietary, behavior-based index created by TD Ameritrade that
aggregates Main Street investor positions and activity to measure what
investors are actually doing and how they are positioned in the markets.
The June 2013 Investor Movement Index for the four weeks ending June 28, 2013,
*Reading: 5.15 (compared to 5.02 in May)
*Trend direction: Positive
*Trend length: 1 month
*Score relative to historic ranges: High
June’s IMX reading marks a turn in a positive direction after two consecutive
months of declines. Clients ramped up their equity market exposure as they
were net buyers of equities and sold fixed income mutual funds and ETFs. In
June clients continued to have an overall bullish positioning. The IMX bounced
higher while the S&P 500 hit an intra-month low almost 6% lower than the
record high reached in May. After dialing back equity market exposure in May,
many clients treated the dip in June as a buying opportunity and increased
their equity market exposure. June’s IMX reading was at the high end of a more
than three year history. Clients were net buyers of most sectors. Consumer
goods and basic materials attracted the most net buying activity.
“It’s interesting to see the IMX bounce in June as investors led the recent
S&P 500 dip,” said Nicole Sherrod, managing director of TD Ameritrade’s Trader
Group. “This indicates that investors got the pullback they anticipated and in
response there were days in June when our clients were heavy buyers, dialing
up their equity market exposure.”
The IMX value is calculated based on a complex proprietary formula. Each
month, TD Ameritrade pulls a sample from its client base of 6 million funded
accounts that includes all accounts that completed a trade in the past two
months. The holdings and positions of this statistically significant sample
are evaluated to calculate individual scores, and the median of those scores
represents the monthly IMX.
For more information on the Investor Movement Index, including historical IMX
data going back to December 2010, to view the full report from June 2013, or
to sign up for future IMX news alerts, please visit www.tdameritrade.com/IMX.
Additionally, TD Ameritrade clients can chart the IMX using the symbol $IMX in
either the thinkorswim^® or TD Ameritrade Mobile Trader platforms.
Past performance of a security, strategy or index is no guarantee of future
results or investment success.
Historical data should not be used alone when making investment decisions.
Please consult other sources of information and consider your individual
financial position and goals before making an independent investment decision.
The IMX is not a tradable index. The IMX should not be used as an indicator or
predictor of future client trading volume or financial performance for TD
For the latest TD Ameritrade news and information, follow the Company on
About TD Ameritrade Holding Corporation
Millions of investors and independent registered investment advisors (RIAs)
have turned to TD Ameritrade’s (NYSE:AMTD) technology, people and education to
help make investing and trading easier to understand and do. Online or over
the phone. In a branch or with an independent RIA. First-timer or
sophisticated trader. Our clients want to take control, and we help them
decide how — bringing Wall Street to Main Street for more than 37 years. An
official sponsor of the 2014 and 2016 U.S. Olympic and Paralympic Teams, TD
Ameritrade has time and again been recognized as a leader in investment
services. Please visit TD Ameritrade’s newsroom or www.amtd.com for more
Brokerage services provided by TDAmeritrade, Inc., member FINRA
(www.FINRA.org)/SIPC (www.SIPC.org)/NFA (www.nfa.futures.org)
TD Ameritrade Holding Corporation
Beth Evegan, 201-369-5930
Manager, Communications & Public Affairs
Director, Investor Relations & Finance
Press spacebar to pause and continue. Press esc to stop.